Utah files criminal charges against prediction market Kalshi and company co-founders
(www.theguardian.com)
"Move fast and break things" really should result in criminal charges more often.
"Move fast and break things" really should result in criminal charges more often.
Where can I bet on none of them going to jail and the eventual fine they pay being the smallest fraction of their profits?
In a statement, Utah’s attorney general, Derek Brown, said Kalshi had continued to operate in Utah, despite a federal court ruling that Utah’s gambling laws apply to the company.
“Gambling is illegal in Utah, whether you place the bet, run the game, or promote it. Calling it a ‘prediction market’ doesn’t change what it is, and being federally registered doesn’t put a company above the law,” Brown said in a statement.
This is honestly great. Talk about finding out.
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